Microsoft Corp. (NASDAQ:MSFT): CFO Peter Klein spoke to shareholder dividends at the Goldman Sachs conference today, “In terms of distributing cash back to shareholders, it’s definitely been the case over the course over the last year or two, we’ve pivoted more towards dividends than buybacks than we historically have…And we think that’s been pretty well received cumulatively over the last two years, we’ve increased our dividend over 50%. And so, we try and be responsive to what we’re hearing from investors, and delivering cash back to shareholders.” The shares closed at $31.28, up $1.23 or 4.09% on the day. They have traded in a 52-week range of $23.65 to $30.80.
Hornbeck Offshore (NYSE:HOS): The first vessel is scheduled for delivery in June 2013. Four remaining stacked new gen OSVs scheduled for reactivation after planned drydockings and re-crewing. The shares closed at $38.86, up $2.39 or 6.55% on the day. They have traded in a 52-week range of $19.80 to $37.13.
Motorola Mobility (NYSE:MMI): A regional court in Germany has issued a permanent injunction against Motorola Mobility’s (NYSE:MMI) products in the country, according to Foss Patents. The court found that Motorola’s products infringe on Apple’s (NASDAQ:AAPL) slide to lock patent, and Apple can choose to ban sales of Motorola products in Germany, Foss reported. Google has agreed to acquire Motorola Mobility. The shares closed at $39.71, up $0.01 or 0.03% on the day. They have traded in a 52-week range of $20.77 to $39.72.
Myers Industries (NYSE:MYE): Gabelli, owner of 15.97% of Myers Industries’ outstanding shares, sent a letter to the company advising that it is recommending Richard Bready and Robert Prather as nominees to the board of directors. Gabelli’s GAMCO said it may submit recommendations of additional nominees once its review of candidates is complete. The shares closed at $14.33, up $1.18 or 8.97% on the day. They have traded in a 52-week range of $9.09 to $14.16.
Philip Morris (NYSE:PM): PM USA (NYSE:PM) and Altria Group (NYSE:MO) were served on January 27 in a qui tam action filed in the United States District Court for the District of Columbia alleging violation of the False Claims Act in connection with sales of cigarettes to the U.S. military for resale on U.S. military bases overseas, the company disclosed in a filing. The claimant contends that PM USA included the per-carton cost of Master Settlement Agreement payments in the list price charged to government agencies that purchased cigarettes from PM USA in the United States for resale on overseas military bases, and that non-military civilian customers overseas allegedly received lower pricing on cigarettes sold in those overseas markets than the government agencies. The shares closed at $81.94, up $0.39 or 0.48% on the day. They have traded in a 52-week range of $60.30 to $82.05.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org